Portfolio Solutions, LLC
- SEC CIK
- 0001542606
- Latest filing
- Nov 14, 2022
The latest 13F from Portfolio Solutions, LLC covers Q3 2022 (filed Nov 14, 2022): 55 long positions worth $792.3M. The top 10 holdings make up 84.9% of the portfolio, and the largest is Vanguard Morningstar Total Stock Market ETF at 35.6%. Livermore has 7 filings on Form 13F from this institution, going back to Q1 2021.
What changed in Q3 2022
Share counts compared with Q2 2022: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.
- New
- 3
- Est. +$3.65M
- Added
- 26
- Est. +$76.0M
- Reduced
- 17
- Est. −$19.4M
- Sold out
- 2
- Est. −$440.0K
Top 5 holdings
Share of this quarter's portfolio value
- Vanguard Morningstar Total Stock Market ETF92290876935.6%$281.8M
- Vanguard Mun BD FDS92290774613.4%$106.5M
- iShares S&P Small-Cap 600 Value ETF46428787911.5%$90.9M
- Vanguard Intl Equity Index F9220428666.4%$51.0M
- Vanguard Intl Equity Index F9220428746.0%$47.2M
Biggest buys
New and added positions, by estimated amount bought
- Vanguard Mun BD FDS922907746+$26.5MAdded
- Vanguard Total Bond Market ETF921937835+$9.08MAdded
- iShares Tr464287150+$6.20MAdded
- iShares Core MSCI Total International Stock ETF46432F834+$5.39MAdded
- Vanguard Total International Bond ETF92203J407+$5.21MAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- Vanguard Mun BD FDS922907746+2.85 pp10.6% → 13.4%
- Vanguard Total Bond Market ETF921937835+1.04 pp1.7% → 2.8%
- iShares Tr464287150+0.74 pp0.7% → 1.4%
- iShares Core MSCI Total International Stock ETF46432F834+0.61 pp0.6% → 1.2%
- Vanguard Total International Bond ETF92203J407+0.59 pp1.4% → 2.0%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- Vanguard Morningstar Total Stock Market ETF922908769−$5.96MReduced
- iShares Tr464288414−$5.80MReduced
- iShares S&P Small-Cap 600 Value ETF464287879−$2.57MReduced
- Schwab US Aggregate Bond ETF808524839−$2.10MReduced
- Vanguard Real Estate ETF922908553−$1.18MReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- Vanguard Morningstar Total Stock Market ETF922908769−3.05 pp38.6% → 35.6%
- iShares S&P Small-Cap 600 Value ETF464287879−1.41 pp12.9% → 11.5%
- iShares Tr464288414−0.81 pp1.7% → 0.9%
- Vanguard Real Estate ETF922908553−0.74 pp4.5% → 3.8%
- Schwab US Aggregate Bond ETF808524839−0.31 pp0.6% → 0.3%
Metrics
13F metrics for Q3 2022, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $792.3M
- +$9.06M (+1.2%) vs. prior quarter
- Positions
- 55
- +1 vs. prior quarter
- Top 10 concentration
- 84.9%
- Top 10 as share of value
- Turnover
- 2.5%
- Q3 2022, one quarter
- Average holding period
- 6.1 quarters
- Weighted by value
How these are calculated
- Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
- Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
- Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
- Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.
13F filings by quarter
7 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $858.3M (Q2 2021)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q3 2022 | Nov 14, 2022 | 55 | $792.3M | Vanguard Morningstar Total Stock Market ETFVanguard Mun BD FDSiShares S&P Small-Cap 600 Value ETF | vs. Q2 2022 | SEC |
| Q2 2022 | Aug 15, 2022 | 54 | $783.2M | Vanguard Morningstar Total Stock Market ETFiShares S&P Small-Cap 600 Value ETFVanguard Mun BD FDS | vs. Q1 2022 | SEC |
| Q1 2022 | May 16, 2022 | 49 | $783.1M | Vanguard Morningstar Total Stock Market ETFiShares S&P Small-Cap 600 Value ETFVanguard Intl Equity Index F | vs. Q4 2021 | SEC |
| Q4 2021 | Feb 11, 2022 | 43 | $826.1M | Vanguard Morningstar Total Stock Market ETFiShares S&P Small-Cap 600 Value ETFVanguard Intl Equity Index F | vs. Q3 2021 | SEC |
| Q3 2021 | Nov 15, 2021 | 42 | $805.9M | Vanguard Morningstar Total Stock Market ETFiShares S&P Small-Cap 600 Value ETFVanguard Intl Equity Index F | vs. Q2 2021 | SEC |
| Q2 2021 | Aug 9, 2021 | 47 | $858.3M | Vanguard Morningstar Total Stock Market ETFiShares S&P Small-Cap 600 Value ETFVanguard Intl Equity Index F | vs. Q1 2021 | SEC |
| Q1 2021 | May 14, 2021 | 42 | $824.1M | Vanguard Morningstar Total Stock Market ETFiShares S&P Small-Cap 600 Value ETFVanguard Intl Equity Index F | – | SEC |